A summary of a shift that is already in the process of happening...
...why is it that the Swiss are moving
towards a financial deal with the Chinese? Well, forgetting the fact
that our regulators have pissed them off by bullying their bankers,
they are simply "following the gold". Gold has been flowing into China
at a rate of 100 tons per month (plus retaining their own production). I
have seen "official" reports out of the World Gold Council and GFMS
that say the Chinese have amassed nearly 3,000 tons and "may have"
surpassed the French and Italians. May have? Let me say this, the
"official" line of 3,000 tons is laughably BOGUS not to mention that
Italy probably lost close to half of their gold back in 1998 with
LTCM's blow up.
China has imported and produced AT LEAST 3,000 tons...just in
the last 2 years alone! I would guesstimate that 5,000 tons would be
the absolute minimum of their hoard and may be 8,000 or even
approaching 10,000 tons. Business (and financial power) ALWAYS follows
the gold. The flip side of this is that when gold "leaves" a
country...so does financial power. Put simply, we blew it! We had the
manufacturing base of the world. We were cutting edge everywhere you
looked and the financial center of the world. We have lost our "edge"
and if the "Monkey Business" that we are playing with Germany's gold is
any guide, we have also lost our gold.
I do want to mention that this scheme where the Fed buys
Treasury bonds (QE) has prolonged the game, it is also an accelerant to
our becoming irrelevant. Monetization is fraudulent and we are doing
this openly, publicly and telling the rest of the world something that
they know not to be true. They understand today as it has always been
understood that gold is "financial truth" which is why business always
follows the gold. Watching and living through this is painful from a
patriotic standpoint. Foreigners on the other hand don't really care,
they are slowly, steadily and methodically (like Chinese water torture)
preparing themselves for the future. Trade deals, currency deals,
political alliances, military alliances etc. are being negotiated and
reported on every single day, yet here in the U.S. it's "business as
usual"...until it isn't any longer.
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